Sentences with phrase «government budget increases»

Not exact matches

While he would have liked to have seen more investor - specific changes — «it's always nice to have more rather than less,» he says — he thinks it's unlikely we'll see any reductions in capital gain taxes or major increases in TFSA room until at least 2015, when the government says it can balance the budget by.

Personal income tax will hit a 20 - year high of 12.5 per cent of GDP by 2020 - 21 under the budget forecasts as the government relies on bracket creep and an increase in the Medicare levy to return the budget to surplus.

While the budget proposes large spending cuts to many government agencies — the Environmental Protection Agency and State Department budgets would be cut 31 % and 28 %, respectively — defense and military spending would increase substantially.

If the NDP is scaling down its plans to a one or two percentage point increase, then it's not clear how a NDP government could avoid the spending cuts that are built into the current budget projection, much less finance new spending.

The Tax Policy Centre says taxes would increase by $ 500 billion, or $ 3,500 per U.S. household, while $ 110 billion will be slashed from government budgets.

He noted the federal government's budget last month made commitments aimed at increasing the labour - force participation of women.

It's not impossible to arrive at the conclusion that the federal government should use fiscal policy to increase aggregate demand: you can mount a strong case to support the stimulus package in the 2009 budget.

As talk about the economy has largely focused on tax cuts, the U.S. budget deficit and the potential for trade tariffs, one of the biggest things investors and the general public seem to be missing is the increased spending soon to be pumped into the U.S. economy by the government.

The amount of debt that is projected under the extended baseline would reduce national saving and income in the long term; increase the government's interest costs, putting more pressure on the rest of the budget; limit lawmakers» ability to respond to unforeseen events; and increase the likelihood of a fiscal crisis, an occurrence in which investors become unwilling to finance a government's borrowing unless they are compensated with very high interest rates.

Even as Trump also proposed increases in cybersecurity budgets for U.S. Homeland Security, he still flirts with the notion that a government shutdown would be «good for government,» as suggested ina recent tweet.

The Parliamentary Budget Office (PBO), international organizations and we have argued that the federal government is facing a small structural deficit now but that it will increase rapidly after 2015 due to demographic pressures on potential economic growth and health related spending.

Falling tax revenues pushed government budgets even further into deficit, and rising interest rates increased rather than lowered prices.

Balancing the budget in every year would mean that governments would be forced to increase taxes and cut spending in downturns, and to do the opposite when the economy is growing quickly.

Financial experts say the central bank's intervention seems to have catalyzed a virtuous circle: As new governments come in and promise to deliver spending cuts, tax increases and balanced budgets, once gun - shy banks have an added incentive to tap new financing from the central bank and jump back into bond markets that they were running from just a few months ago.

As more local governments find themselves unable to meet the increasing costs, particularly related to pensions and retiree health benefits, municipalities have begun to more seriously consider debt restructuring under the bankruptcy code as an option for right - sizing their budgets.

In the absence of tax increases, the government will not be able to achieve its goal of a balanced budget by 2015 - 16 without major cuts in direct program expenses and the elimination of «boutique» tax expenditures in the order of $ 8 to $ 11 billion by 2015 - 16.

The IMF added that if growth was lower than expected or if the Greek government failed to meet targets for running a surplus on its budget excluding interest payments, there would be «significant increases in debt and gross financing needs».

The effect of a cash transfer from the Fed to the household sector is almost identical to receiving a tax rebate check, with the added benefit that it causes the budget deficit to fall, not rise (Tax revenues will rise and there has been no increase in government borrowing).

O'Neil said he's skeptical about the assumptions that a Trump agenda of increased government spending and tax cuts will be fully enacted and lead to faster growth, higher inflation and bigger budget deficits.

They argue that, since 2009, the federal government's plans to balance the budget have been based on «risky projections, optimistic forecasts of revenue growth and unrealistic plans for spending restraint», which have resulted in increases in the projected deficit with each successive budget, and the pushing out of the date that the deficit would be eliminated.

If the government in turn decides to reduce its spending or increase taxes to make up for the budget shortfall, then helicopter money isn't really helicopter money.

Senator Smith: In its budget, the government introduced innovation increases and a focus on innovation.

«Our committee has been focused on seeing the government return to pre-2009 / 10 debt - to - GDP levels, not increasing taxes for businesses, and controlling spending,» said George Kondopulos, Tax Partner at KPMG LLP and volunteer Chair of The Vancouver Board of Trade's Government Budget and Finance government return to pre-2009 / 10 debt - to - GDP levels, not increasing taxes for businesses, and controlling spending,» said George Kondopulos, Tax Partner at KPMG LLP and volunteer Chair of The Vancouver Board of Trade's Government Budget and Finance Government Budget and Finance Committee.

«We certainly applaud government's efforts on easing the burden of high housing costs and increasing access to child care, but in introducing a payroll tax to offset lost MSP premium revenues this Budget delivers another meaningful blow to small to medium employers, especially in the service and technology sectors,» adds Black.

In Budget 2007, the Minister of Finance proposed «to amend the FAA to provide for greater transparency and accountability regarding the government's borrowing activities and increase flexibility to meet future borrowings needs, especially with respect to the consolidation of Crown corporations».

At the same time, however, the enormous increase in government liabilities stemming from an ongoing budget deficit and huge financial rescue efforts is likely to result in normal if not elevated levels of inflation as the economy recovers.

President Donald Trump on Monday will offer a budget plan that falls far short of eliminating the government's deficit over 10 years, conceding that huge tax cuts and new spending increases make this goal unattainable, three people familiar with the...

Based on the March 2013 Budget forecast, it will have taken the Government eight years to offset the fiscal impact of the 2008 — 2009 financial crisis (an increase in the federal debt of $ 172 billion).

If the NDP is scaling down its plans to a one - or two - percentage - point increase, then it's not clear how an NDP government could avoid the spending cuts that are built into the current budget projection, much less finance new spending.

This, along with an overly rosy economic forecast and increased enforcement and compliance by the Canada Revenue Agency were the main factors underlying the government's forecast of a balanced budget in 2015 - 16.

The EI increases, which were originally expected to funnel an extra $ 15 billion into Ottawa's coffers over three years, were a key part of Flaherty's strategy to phase out the government's $ 50 - billion - a-year budget shortfalls.

The federal government is not confronted with a short - term fiscal crisis but it is facing a stubborn medium - term structural deficit that will prevent you from balancing the budget by 2015 - 16, without new expenditure cuts and / or tax increases.

There have been reports by the Broadbent Institute (the Kesselman study) as well as the Parliamentary Budget Office that also raise concerns about how over time the implementation of the expanded limit will increase the size of the tax exempt base and erode future government revenues.

On Wednesday, a report published by Quebec's interim auditor general said the PQ's goal of achieving a balanced budget by 2015 - 16 was «to say the least, ambitious,» particularly if it rules out tax hikes and caps government - spending increases at two per cent over the next two years.

On - budget: Government programs that are generally subject to annual appropriations, and therefore susceptible to spending cuts or increases.

In my recent National Post column, I make reference to some back - of - envelope calculations to the effect that replacing the fiscal anchor of balanced budgets to one of a fixed debt - GDP ratio allows the federal government to increase spending by 1.2 percentage points of GDP, or by about $ 25 billion.

California is just now starting to recover from a massive budget deficit that forced new taxes, tax increases, and austerity measures to make up the shortfall and prevent a statewide government collapse.

Immediately after explaining in his budget speech why the government would not be keeping its commitment to balancing the books, Finance Minister Charles Sousa talked about the need to give hospitals the biggest funding increase they have seen in almost a decade.

Compared to the intense cut throat budget that many Albertans expected, this budget dealt a mixture of increases and decreases across the government.

The House and Senate are expected to vote on a massive budget deal that will prevent another government shutdown and increase federal spending by about $ 300 billion.

Although E&Y recommended that the Department of Finance should establish a mechanism to increase the distance between the economic and fiscal forecasts presented in the budget and the political process, by either having the House of Commons Standing Committee on Finance engage a panel of independent reviewers to critique the government's economic and fiscal forecasts or alternatively establish an independent agency to provide the economic and fiscal forecast.

The government's own budget survey results showed 69 % of Albertans support a corporate tax increase, a point the NDP has stressed.

In its latest budget, the Christy Clark government increased disability assistance for the first time in nine years, then clawed back nearly all of that meagre bump by taking away affordable transit passes.

The first budget of Premier Rachel Notley «s NDP government includes a 15 percent increase in capital spending over the next five years, with a goal to create jobs and tackle the province's aging and neglected hospitals, schools, roads and other public infrastructure.

On January 1, the United States government will enact automatic spending cuts and tax increases if politicians can not agree on a budget resolution.

«Indian government bonds have a strong upside potential but we want to wait until the next budget to decide wheter to increase or not our 8 % holdings,» he said.

The government could reduce the 50 percent deviation to 25 percent and direct increased funding for MLAs representing large electoral districts for the cost of multiple constituency offices and an increased travel / outreach budget.

This $ 300 - million budget deficit is not paid for by additional government debt, but by union members who must increase their contributions to the pension fund.

The government continues to predict balanced budgets over the three - year term, though there is a significant change in the debt profile of B.C., notably our taxpayer - supported debt, which is scheduled to increase more than 17 % over the next three years.

«The government has rejected the analysis of the Parliamentary Budget Office (PBO), the International Monetary Fund (IMF), and others, that the deficit includes a structural component that will not be eliminated without significant expenditure cuts and / or revenue increases.»